Ethereum Lost the Status of the Second Largest Crypto by the Market Cap

The collapse of the cryptocurrency marketcontinues. Alltopcryptocurrencies are tradingin the red zone.BTCprice hovers around $3,300.Ethereum dropped to thirdplacein terms of market capitalization,giving upits place to Ripple.Crypto marketstill cannot get out of a steep dive.Accordingto Coinmarketcap, the Bitcoin price collapsed below $3,300 on Friday.After that, the price increased slightly, and nowBTCis trading at about $3,310.

Ethereum over the 24hours has fallen by 2.95% to $86. Because of this, thecryptocurrencyhas lost thestatusof the second largest coin by market capitalization anddroppedto third place.At the time ofpublication, ETH'scapitalizationwas$8.9 billion, according toCoinmarketcap. Instead ofEthereum, Ripple ispresently the secondlargestwith a capitalization of $12.2 billion.